The Restaurant Group plc (LON:RTN) Given Average Recommendation of “Buy” by Brokerages

Shares of The Restaurant Group plc (LON:RTNGet Rating) have been assigned a consensus rating of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 116 ($1.46).

A number of research analysts have recently weighed in on RTN shares. Berenberg Bank cut their price target on The Restaurant Group from GBX 125 ($1.57) to GBX 110 ($1.38) and set a “buy” rating on the stock in a research note on Thursday, March 24th. Barclays cut The Restaurant Group to an “underweight” rating and cut their target price for the stock from GBX 75 ($0.94) to GBX 70 ($0.88) in a report on Friday, March 25th. Liberum Capital reiterated a “buy” rating and set a GBX 160 ($2.01) price objective on shares of The Restaurant Group in a report on Monday, January 24th. Peel Hunt reissued a “buy” rating and set a GBX 90 ($1.13) price target on shares of The Restaurant Group in a research report on Tuesday. Finally, Shore Capital reissued a “buy” rating on shares of The Restaurant Group in a research report on Tuesday.

Shares of The Restaurant Group stock traded down GBX 1.35 ($0.02) during trading on Tuesday, hitting GBX 53 ($0.67). 2,220,800 shares of the stock traded hands, compared to its average volume of 2,373,421. The company has a fifty day moving average price of GBX 63.06 and a two-hundred day moving average price of GBX 80.63. The company has a debt-to-equity ratio of 165.68, a quick ratio of 0.77 and a current ratio of 0.83. The Restaurant Group has a twelve month low of GBX 0.97 ($0.01) and a twelve month high of GBX 140 ($1.76). The stock has a market cap of £405.48 million and a P/E ratio of -10.08.

In other news, insider Ken Hanna acquired 100,000 shares of The Restaurant Group stock in a transaction that occurred on Wednesday, March 16th. The stock was bought at an average price of GBX 77 ($0.97) per share, with a total value of £77,000 ($96,891.91).

The Restaurant Group Company Profile (Get Rating)

The Restaurant Group plc operates restaurants and pubs in the United Kingdom. Its brands include Wagamama, Frankie & Benny's, Brunning & Price, Chiquito, Coast to Coast, Firejacks, Garfunkel's, and Joe's Kitchen. The company also operates TRG concessions that provide table and counter services, as well as sandwich shops, pubs, and bars.

See Also

Analyst Recommendations for The Restaurant Group (LON:RTN)

Receive News & Ratings for The Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.